Suncrest
Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.
Property Key Features
Market:
Indianapolis, IN
Number of Units
140
Date Acquired:
08/01/2021
Suncrest Apartments is a 140-unit, B-class multifamily property built in 1986 and located on the west side of Indianapolis in close proximity to the Indianapolis Airport sub-market.
Originally built in 1986 and renovated in 2015-2016, Suncrest benefits from the surging growth of the logistics industry and the high demand for housing in the area. Gray Capital’s strategy with this asset involves harnessing the economic momentum of this sub-market, narrowing the gap between rents at Suncrest and other comparable properties, and a light-value add component and improvement of exteriors and community amenities.
Villas on Fir
Villas on Fir is a 290-unit, class-A apartment property built in 2018 and located in the growing and affluent suburb of Granger, IN (South Bend/Mishawaka MSA).
Solana at the Crossing
Solana at the Crossing is a 384-unit class-A apartment property located on the northeast side of Indianapolis, IN.
Echo Park
Echo Park is a 154-unit, class-A apartment property built in 2016 and located in Bloomington, Indiana, home to Indiana University.
Club Meridian
Club Meridian is a 406-unit apartment community built in 1989 and located in Okemos, Michigan, an affluent and growing suburb of Lansing.
Forest Ridge
Forest Ridge Apartments is a Class B+ apartment community located in Bloomington, Indiana and built in three phases between 2005 and 2008.
River Club
River Club is a 444-unit, class-B apartment community built in 1981 and located in Evansville, Indiana.
INVEST WITH US
Gray capital invests alongside our partners, joining sophisticated family offices and individual investors looking to take advantage of the unique benefits of multifamily real estate.
